by | Jul 8, 2024 | Economy, Industry News, Latest News, National, News, Premier |
At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central...
by | Jun 28, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
Consumer sentiment continued to waver in June, as economic signs gave little hope for inflation relief in the near future. Consumer sentiment fell 1.3% in June, from 69.1 in May to 68.2, according to the University of Michigan’s latest report. This is the fourth...
by | Jun 28, 2024 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
Finally, inflation numbers open up the door for the Federal Reserve to potentially cut rates this September. The personal consumption expenditures (PCE) price index—the Fed’s preferred measure of inflation—rose 2.6% year-over-year in May, with a change of 0% between...
by | Jun 28, 2024 | Economy, Industry News, Latest News, National, News, Premier, Tech, Technology |
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –United Wholesale Mortgage’s (UWM) 0% down payment product has faced some recent backlash from the industry, as...
by | Jun 26, 2024 | Economy, Industry News, Latest News, National, News, Premier |
Mortgage applications rose for the third straight week as mortgage rates continue to drop, increasing 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024. This week’s...
by | Jun 25, 2024 | Consumer, Economy, Industry News, Latest News, National, News, Premier |
As consumers continue to see little relief from inflation—with the Consumer Price Index registering no change in May and the Fed again holding the line with no rate changes—confidence reversed course and fell slightly in June. Consumer confidence decreased from 101.3...